UOL Group Limited is a prominent Singaporean-headquartered company with a primary focus on real estate investment, development, and management across the Asia-Pacific region. The company holds a significant presence in the industry and is renowned for its commitment to excellence and innovative real estate solutions. The Wee Family, who are also significant shareholders of United Overseas Bank, are the largest shareholders of UOL Group, adding to the company’s stability and strength.
UOL Group Limited has a long and rich history in the real estate sector. The company was founded in 1963 as Faber Union Limited, a subsidiary of Faber Union (HK) Limited. It became a publicly traded company in 1964. Over the years, the company underwent significant changes and developments, including a name change to United Overseas Land Limited in 1975 after Wee Cho Yaw and United Overseas Bank acquired a controlling interest in the company.
In 2002, UOL Group made a strategic acquisition of Parkroyal, a well-established hotel and property company. This move further solidified the company’s position in the hospitality industry and expanded its portfolio of high-quality properties.
In 2006, the company underwent another name change and became known as UOL Group Limited, a name that reflects its diversified business ventures and growing influence in the real estate market.
In 2007, UOL Group acquired Pan Pacific Hotels and Resorts from the Tokyu Group, subsequently rebranding it as Pan Pacific Hotels Group. The company then merged Parkroyal with Pan Pacific to consolidate its hotel brand and create a stronger presence in the hospitality sector.
Continuing its growth and strategic expansion, in 2013, UOL Group decided to delist Pan Pacific Hotels and Resorts from the Singapore Exchange, streamlining its operations and focusing on its core business objectives.
In 2018, UOL Group further expanded its portfolio and influence in the real estate market through the acquisition of Singapore Land Group Limited (SingLand), a move that further strengthened the company’s position as a major player in the industry.
As a constituent member of the Straits Times Index, UOL Group Limited stands as a recognized and respected player in the real estate market, known for its commitment to quality, innovation, and customer satisfaction. With a robust track record and a diverse portfolio of successful projects, the company continues to set new benchmarks in the Asia-Pacific real estate landscape, driven by its vision of delivering exceptional real estate solutions that meet the evolving needs of its customers.
